The cost of overnight borrowing in Singapore’s interbank market rose by 11.7 basis points to 1.7446% on November 6, 2026, reaching its highest level since July 2025. Interbank Rate in Singapore averaged 1.08 percent from 2005 until 2026, reaching an all time high of 4.39 percent in September of 2022 and a record low of 0.01 percent in August of 2011. source: Monetary Authority of Singapore
Interbank Rate in Singapore is expected to be 3.29 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Overnight Rate Average is projected to trend around 3.29 percent in 2027, according to our econometric models.